Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs “New Freedom” plan to control corporations.

WOODROW WILSON: 1913-1921 (D)

Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs

“New Freedom” plan to control corporations

WILSON’S REFORMS Underwood Tariff Act (1913): cut tariffs (if US companies’ prices too high, easier to buy foreign goods)

Federal Reserve Act (1913): Fed regulates economy (adjusts interest rates, etc.)

Clayton Anti-Trust Act (1914): limited businesses’ activities, protected workers’ right to strike

Federal Trade Commission (FTC; 1914): monitors unfair business practices

PROGRESSIVE AMENDMENTS 16th: graduated income tax – 1913 17th: direct election of senators – 1913 18th: outlawed alcohol {Prohibition} – 1919 19th: women’s right to vote {suffrage} – 1920

LEGACY OF PROGRESSIVISM Increased influence of voters Regulated big business Protected environment Assumed responsibility for welfare of workers/ consumers Monitor economy

Many problems still today?? WWI distracted Americans – ends Progressive Era